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\begin{tabular}{lcc} \hline
 & (1) & (2) \\
VARIABLES & FD\_l\_mu\_TL\_sFSQ\_t1\_pos\_w\_h & FD\_l\_mu\_TL\_sFSQ\_t1\_pos\_w\_CON \\ \hline
 &  &  \\
FD\_l\_va\_agg & -0.239** & -0.00936 \\
 & (0.116) & (0.105) \\
Constant & 0.00248 & -0.00563*** \\
 & (0.00222) & (0.00175) \\
 &  &  \\
Observations & 6,875 & 6,600 \\
R-squared & 0.012 & 0.016 \\
Sector FE & Yes & Yes \\
Cluster & Sector & Sector \\
 Specs & Baseline & CON on Baseline \\ \hline
\multicolumn{3}{c}{ Robust standard errors in parentheses} \\
\multicolumn{3}{c}{ *** p$<$0.01, ** p$<$0.05, * p$<$0.1} \\
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